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200210371
<br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose of
<br />inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection specifying a reasonable purpose
<br />for the inspection_ Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor will in noway rely on
<br />Beneficiary 's inspection.
<br />Authority to Perform. IfTmstor fails to perform any duty or any ofthe covenants contained in this Security Instrument,
<br />Beneficiary may, without notice, perform or cause them to he performed. Trustor appoints Beneficiary as attorney in fact to sign
<br />Trustor's name or pay any amount necessary for performance. Beneficiary's right to perform for Trustor shall not create an
<br />obligation to perform, and Beneficiary's failure to perforrn will not preclude Beneficiary from exercising any of Beneficiary's other
<br />rights under the law or this Security Instrument,
<br />Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the provisions ofany lease ifthis
<br />Security Instrument is on s leasehold. If the Property includes a unit in a condominium or planned unit development, Trustor will
<br />perform ulI of Trusters duties under the covenants, by -laws, or regulations of the condominium or planned unit development.
<br />Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public entities to
<br />purchase or take any or all ofthe Property through condemnation, eminent domain, or any other means. Trustor authorizes
<br />Beneficiary to intervene in Trustor's name in any ofthe above described actions or claims, Trustur assigns to Beneficiary the
<br />proceeds of any award or claim for damages connected wi lh a condemnation or other taking of all or any part ofthe Property. Such
<br />proceeds shall be considered payments and will be applied as provided in this Security Instrument This assignment of proceeds is
<br />subject to the terms of any prior mortgage, deed of trust security agreement or other lien docunnem.17384
<br />Insurance. Trustor shall keep Property insured against loss by fire, Flood, theft and other hazards and risks reasonably associated
<br />with the Properly due to its type and location. 'Phis insurance shall be maintained in the amounts and for the periods that
<br />Beneficiary requires. The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval,
<br />which shall not be unreasonably withheld- If Trustor fails to maintain the coverage described above, Beneficiary may, at
<br />Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Security
<br />Instrument.
<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and, where
<br />applicable, "loss payee clause" Trustor shall immediately nout'y Beneficiary of cancellation or Lamination ofthe insurance.
<br />Beneficiary shall have the right to hold the policies and renewals. If beneficiary requires, Trustor shall immediately give to
<br />Beneficiary all receipts offhand premiums and renewal notices. Upon loss, Trustor shall give immediate notice to the insurance
<br />carrier and Beneficiary. Beneficiary may make proof of loss if not mude immediately by Trustor.
<br />Unless otherwise agreed in writing, all ins nonce proceeds shall be applied to the restoration or repair of the Property or to the
<br />Secured Debt, whether or not then due, at Bc n fieiury's option- Any application of proceeds to principal shall not extend or
<br />postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be said to the Trustor. If
<br />the Property Is required by Benef c ary, Toaster's right to any insurance policies and proceeds resulting from damage to the
<br />Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition.
<br />Financial Reports and Additional Documents. Trustor w ill provide to Beneficiary upon requcs't, any financial statement or
<br />information Beneficiary may deem reasonably necessary. Trustur agl'ees to sign, deliver, and file any additional documents or
<br />certifications that Berefici ary may consider necessary to perfect, continue, and preserve Trustor's obligations under this Security
<br />I asnnnient and Beneficiary's lien status on Lite Property.
<br />fi. WARRANTY OF TITLE. Trustor warrants that Trustur is or will be lawfully seized of the estate conveyed by this Security
<br />Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of sale. Trustor also
<br />warrants that the Property is unencumbered, except for encambrances ofrecord.
<br />7. DUE ON SALE. Beneficiary may, at its option, declare the entire balance ofthe Secured Debt to be immediately due and payable
<br />upon the creation of, or contract for the creation of, a transfer or sale ofthe Property. This right is subject to the restrictions
<br />imposed by federal law (12 C R. 591), as applicable.
<br />S. DEFAULT. 'I rustorisll be in default if any ofthe following occur:
<br />Fraud. Any Consumer Borrower engages in fraud or material misrepresentation in connection with the Secured Debt that is an
<br />open end home equity plan.
<br />Payments. Any Consumer Burrower on any Secured Debt that is an open end home equity plan fails to snake a payment when due
<br />F.xpere'" '51994 Bankers Systems, Inc., St Clead, MN farm USBOCP -DT -NF 9/5/2001 (page 3 offi)
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